What we aim
Virgin Gold, in addition to being a truly enterprising and ambitious corporation, retains realistic and achievable expectations. Currently a global niche player, our long term vision is to become an industry leader in the precious metal (silver, gold and platinum group metals) mining, manufacturing and trading sectors.
We aim to achieve this through cooperation, joint ventures, partnerships, acquisitions and exploration across all geographical locations. In 2010, Virgin Gold started offering Convertible Preferred Stocks – GOLD (CPS-GOLD) to the global community to raise a few billion dollars of working capital. In the 4th quarter of 2012, CPS-GOLD was restructured and schedule to be listed in 2013/14, well ahead of initial target. CPS-GOLD holders have earned bountiful dividends for nearly 3 consecutive years and now waiting for public listing windfall.
In mid-2012, Virgin Gold started issuing Convertible Preferred Stocks – PLATINUM to its premier shareholders. It started as a very niche offering but towards the 4th quarter of 2012, we were able to extend this investment opportunity to all shareholders. The return of CPS-PLATINUM is expected to be even higher compared to CPS-GOLD. Dividend is paid in troy ounce(s) of platinum.
Our vision over the next few years is to continue to offer more investment opportunities to our shareholders by not limiting ourselves to precious metal sector only. Efforts are already been made to diversify our business portfolio to include financial products in the near future.
By setting realistic goals and vision over time, Virgin Gold is making sure that the opportunities offered to shareholders do not end with CPS-GOLD and CPS-PLATINUM.
Our corporate mission is to build a sustainable mining business that consistently delivers top earning per share to stockholders while leading in terms of safety, environmental stewardship and corporate responsibility.
While an Initial Public Offering (IPO) is an interesting and lucrative proposal, it is not part of our short term goal. We are currently comfortable as a private corporation because it allows us more room in which to grow and compete. Based in a tax and business friendly offshore jurisdiction, Virgin Gold is better-placed and more flexibly able to invest in many onshore operations than its bigger peers. Our short term goal is to grow this corporation into a global industry leader and return good and consistent dividends to shareholders.
However, going public remains our medium term priority. We foresee ourselves launching an IPO by year 2015 if the environment is conducive. It will be very interesting when this materializes since millions of our private shareholders will hold public listed shares. Virgin Gold Convertible Preferred Stockholders will be able to convert their shares into public traded common shares. The shares to which they currently subscribe with Virgin Gold will potentially appreciate several times over after the IPO.